Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018. - SEBI/LAD-NRO/GN/2018/10 - SEBI
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Corporate governance requirements strengthen board composition, director independence, disclosure and related-party transaction controls under amended listing regulations. Amendments impose enhanced corporate governance requirements: revised related-party definition treating significant promoter-group holders as related parties; strengthened independent director criteria, age limits and female director mandates for top listed entities; caps on maximum directorships; mandatory secretarial audits for material unlisted subsidiaries; stricter related-party transaction disclosures and materiality thresholds; enhanced committee composition, quorum and meeting frequency rules; expanded financial reporting, audit and annual report disclosure obligations; and shareholder approval thresholds for large director remuneration.
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Corporate governance requirements strengthen board composition, director independence, disclosure and related-party transaction controls under amended listing regulations.
Amendments impose enhanced corporate governance requirements: revised related-party definition treating significant promoter-group holders as related parties; strengthened independent director criteria, age limits and female director mandates for top listed entities; caps on maximum directorships; mandatory secretarial audits for material unlisted subsidiaries; stricter related-party transaction disclosures and materiality thresholds; enhanced committee composition, quorum and meeting frequency rules; expanded financial reporting, audit and annual report disclosure obligations; and shareholder approval thresholds for large director remuneration.
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